Whatever happened to the “Texas miracle,” where the "modern conservative theory...

|By:, SA News Editor

Whatever happened to the “Texas miracle,” where the "modern conservative theory about budgeting" - never raise taxes, and budgets can always be balanced by cutting waste - supposedly worked, Paul Krugman asks. Texas may now have a $25B hole to fill, so "if the theory can’t make in Texas," he says, "it can’t make it anywhere."